Quote from frenchfry:
I'm trying to understand the "Cycle 1 flow chart" by trying to reproduce what Jack did in his October 15th log.
Already starting from the first entry questions come up. Please see enclosed image.
Jack, bar 81 you marked "through" under "Wait, hold...". Was that a mental note for when you get to "D"? The "through" was on bar 80.
Great assemblage of details.
I was working with 6 other people at the time and there was a connection from the laptop I was using to a 52 inch flat screen wall mounted. We did not video tape it.
As we all see the "trough" WAS on bar 80 and I just used the closing bar as a reference (without going through the details of explaining the nuance of a prior long becoming a "short" to open the day as a dominant.) What you see as through is a word that is shorter and has only one "h" in it; it looks like "trough" to me..
My "enter" was worse though. I spelled enter as EMTE. recently I poste two dates wrongly 08CT10 should have been 08OCT06. Similarly I misspelled 09OCT06 as 09OCT10.
A person begins the day at "A". Bar 1 had a PRV to cause "a look back one bar. This yielded "a dominat trend is under way" at the time of look back at the open of bar 1.
This beginning trade set the scene for a day in cycle 1. A short is in progress.
the trader of events was: A>>>>D>>>>F at second 300 of bar 1.
Later on that bar an "L" for lock in occurred.
So the day began on a n+1 bar where the 'n' bar was from the prior day.
A mere 5 bars later the group had done shout outs of R's or S's with lock in's for one kind of bar and not lock ins for the other kind.
This dominant trend sontinued until bar 12 and during that time all persons in the group maitained being on the correct side of the market.
For a beginner, there is a simple task of staying on the correct side of the market. cycle 1 engrains that concept over and over during the 12 days of cycle 1.
By starting with 2 contracts and adding, from profits, the trader winds up on day 12 doing whjat he was told for 12 days and making his mind work automatically for trading dominant segments.
Page 1 made 9.3 points percontract over a 45 minute period. with respect to hourly billing this is at a rate of 1300 dollars per hour as OJT'ing.
You have to know look back D, F dominant bar; R or S and how an IBGS works N node with a pass fail test). These are found on 3 x 5 cards you make from the illustrations provided.
This is an application of links and nodes. Arrows are there to limit where you are allowed to look for answers to make money.
Summary
the day begins @ A on bar 1.
Bar 1 is realtive to a former bar: the last bar of the prior day degapped.
bar 1 determines sentiment and if dominance is present at the open (Second 300)
bar 1 is one of two possible things; both require look back D.
Lock in happens sometimes during the bar 1.
Bar 1 is an n+1 bar and the prior bar is bar n.
Fillin rows on the log for both bar n and bar n+1.